Mak K.
Real Estate Investor- Agent to Broker- Benefits
17 December 2024 | 1 reply
It has almost zero benefit to have it to just represent yourself.
Kris Tohovitis
Multifamily investing advice
8 January 2025 | 9 replies
Real estate investing has been a passion of mine for time with my mother also having invested early on where I likely have gotten the love and desire to follow similar foot steps.I have taken last 6 months to educate myself and currently own a single family home as primary residence and would like to expand to multi family properties (2-4 units) for additional stream of income, not to mention potential tax benefits for long-term investing.Based on current living situation, I have a fair amount of equity established in my primary residency along with having enough cash to either pay off house completely or use towards investing in a multi family property.Given that I'm the sole source of income for our household with my wife being the home maker for our two kids under 2, trying to weigh out risks with getting started now or perhaps waiting.
Mead Vest
looking for particulars about how partnerships work
10 January 2025 | 2 replies
How many years managing is equivalent to the benefit of the 20% down?
Tom Rairdon
Tax considerations when selling a short term rental
12 January 2025 | 8 replies
“Depreciation” is a wonderful tax benefit over the course of 27.5 years, but unfortunately, it isn’t a tax break per se, merely a deferment.
Bruce M.
Large RV or Boat - Tax incentives, Tax strategies
13 January 2025 | 7 replies
Using a large RV or boat for business purposes offers potential tax benefits, but it's essential to navigate IRS regulations carefully.
Tayvion Payton
Investing in MultiFamily
12 January 2025 | 20 replies
@Tayvion Payton The biggest lesson I learned in my industrial property and retail property investments was to pay close attention to the tax benefits available on a property.
Account Closed
L.A. Wildfires and Their Tax Implications for Affected Residents
9 January 2025 | 0 replies
The IRS disaster assistance page and hotline are key resources for those seeking guidance.One significant benefit for those who have experienced property damage is the potential to claim a casualty loss deduction.
Kin Lay
How to transfer my share of the house to my brother?
14 January 2025 | 5 replies
If so you may benefit from a step up-in-basis.
Beau Alesi
Looking to buy
25 January 2025 | 7 replies
Benefit of waiting is lower mortgage payments and lower debt.
William Taylor
[Calc Review] Help me analyze this duplex in Michigan - are these numbers correct?
12 January 2025 | 12 replies
Principal Paydown: Cash Flow: Tax Benefits: Savings from depreciation and interest deductions.For a deal to make sense, at least three of these components—home appreciation, cash flow, and principal paydown—need to be strong.